USD 6.3 billion
Report ID:
SQMIG15C2028 |
Region:
Global |
Published Date: December, 2024
Pages:
157
|Tables:
89
|Figures:
76
Seed Treatment Market size was valued at USD 0 Billion in 2023 and is poised to grow from USD 0 Billion in 2024 to USD 0 Billion by 2032, growing at a CAGR of 8.1% during the forecast period (2025-2032).
The growing use of seed treatment therapies in the agriculture industry are projected to increase pest and insect resistance to seeds due to their high efficacy. Seed treatment improves the fruit and leaf's ability to kill certain insects and pests. With seed treatments to strengthen them, agricultural goods are produced with a higher yield. The practice of treating seeds is becoming increasingly common among farmers because it helps in preventing the transmission of infections and diseases through soil and seeds. As a result, more crops are grown and germination is increased. The use of seed treatment activities is rising as a result of growing health concerns about crops' and fruits' output. The global seed treatment market has been expanding as a result of this.
In light of increasing demand for fruits and vegetables, it has lately been noted that seed treatment is being used more frequently, particularly in emerging nations, to increase crop yields of fruits and vegetables. The widening disparity between supply and demand is limiting industry expansion and driving up the cost of insecticide and pesticide products.
Globally, there is a high demand for seed treatment to increase and protect high-yield crops. Developed nations such as the USA and Europe, with large agricultural product markets,are also one of the main producers of high-quality agricultural goods. The use of bio-based seed treatment techniques has grown because of rising demand for integrated pest management techniques, seed treatment, insect resistance, organic farming practices, and to dramatically cut on post-harvest crop losses.
The seed treatment market experienced significant growth in 2022 due to ongoing studies and developments in the sector, and this trend is expected to keep going in the coming years.
Global Market Size
USD 6.3 billion
Largest Segment
Insecticides
Fastest Growth
Non-chemical Products
Growth Rate
8.2% CAGR
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Global Seed Treatment Market is segmented by Type, Crop, Function, Technique, Formulation and Region. Based on Type, the market is segmented into Insecticides, Fungicides, Chemicals, Non Chemicals. Based on Crop, the market is segmented into Corn, Soybean, Wheat, Canola, Others. Based on Function, the market is segmented into Seed Protection, Seed Enhancement. Based on Technique, the market is segmented into Corn, Soybean, Wheat, Canola, Others. Based on Formulation, the market is segmented into DS-Powder for Dry Seed Treatment, WS-Water Dispersible Powder for Slurry Seed Treatment, WG-Water Dispersible Granules, SS-Water Soluble Powder, LS-Liquid Solution, ES-Emulsion, FS-Flowable Concentrate, CF-Capsule Suspension, GF-Gels. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Crop
The industry has been further segmented into corn, soyabean, wheat, canola, and other crops based on the type of crop. In 2022, the corn segment dominated the market globally and was accountable for a revenue share of nearly 31.7%. The high product demand from crop protection activities might be blamed for this segment's expansion. The method of preparing seedlings basically involves nourishing the seeds with chemicals made from biological and synthetic resources.
Seed treatment comprises living organisms that can stop the life cycle of insect pests, hence reducing crop harm in the future. The natural enemies of pests and insects, such as predators, parasites, disease-causing fungus, bacteria, and viruses, are used as bio-based seeds.
Analysis by Type
The global industry has been further segmented into insecticides, fungicides, industrial chemicals, and non-chemical products based on kind. In 2022, the insecticides type category held the largest market share, with more than 32.8% of the total revenue. Insecticide sales have grown because of rising demand from Asia Pacific's emerging economies, especially China and India.
Due to the fact that there are no residues left in agricultural goods after using certain bio-based seed treatment products, their use has grown over the past ten years. This method of seed treatment encourages the eradication of insects and pests from soils and seeds without leaving any dangerous chemical residues in vegetables and fruits. Due to the region's primary consumers' preference for agricultural products made from organic materials, farmers in North America and Europe were among the first to use seed treatment solutions.
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The industry was dominated by Asia Pacific in 2022, and generated more than 32.0% of the overall revenue. The region is anticipated to continue growing at a steady Rate and maintain its dominance during the forecast period. The region's prosperity is linked to increased agricultural activity and high crop demand from major nations like the United States and European nations.
The major driver of market expansion in Europe is the product's use in plantations, which is facilitated by ongoing agricultural and fruit and vegetable plantation development initiatives in countries like Germany, France, the United Kingdom, and Italy. In a study by the European Commission, the agriculture sector would generate EUR 178.4 billion in sales in 2021.
Asia Pacific, on the other hand, is anticipated to grow at the fastest rate during the anticipated years. The area had the second-largest revenue share across the board in 2022. Over the next few years, it's projected that organic farming techniques will significantly increase in the Asia-Pacific region. This is a result of the growing demand for agricultural products made of biomaterials, which is expected to promote the expansion of markets during the projection period.
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Drivers
Growing demand for higher crop yield
Restraints
Natural disasters will restrict the market's potential.
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The seed treatment industry is highly competitive in nature as a result of the large variety of global players involved. To increase their revenue, these companies are eager to expand into new markets. In an effort to keep up with the increasing consumer appetite for their goods, major manufacturers engage in a variety of operations like mergers and acquisitions, joint ventures, and growth activities. By these initiatives, companies also seek out additional potential customers whilst keeping the least potential distribution costs.
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SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, we found that the Seed Treatment market is This may be related to the growing use of seed treatment therapies in the agriculture industry, which are used to increase seeds' pest and insect resistance due to their high efficacy. The seed treatment improves the fruit and leaf's ability to kill certain insects and pests. With seed treatments to strengthen them, agricultural goods are produced with a higher yield. The seed treatment market experienced significant growth in 2022 due to ongoing studies and developments in the sector, and this trend is expected to keep going in the coming years.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 6.3 billion |
Market size value in 2031 | USD 12.8 billion |
Growth Rate | 8.2% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Seed Treatment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Seed Treatment Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Seed Treatment Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Seed Treatment Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG15C2028
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